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Property profile & analytics
OFF-MARKET Estimated value $1,045,000
Banks

2333 Lk Ave Altadena, CA 91001-2463

26,290 SF 1.15 ac lot Built 1959
Individually Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-8008795
Property summary
AI-generated overview

This exceptional 26,249 square foot retail property, situated on a 1.15-acre lot at 2333 Lake Avenue in Altadena, California, presents a compelling investment opportunity. The building, renovated and structurally retrofitted in 1991, boasts excellent visibility from Lake Avenue and benefits from high daily traffic counts of 13,793 vehicles. Its strategic location provides easy access to the 210, 134, and Glendale freeways, ensuring convenient access for customers and employees. The property is currently fully leased, generating substantial income. The diverse range of suites caters to a variety of tenants, and ample surface parking is available for customer convenience. This prime Altadena location is surrounded by numerous national retailers, including major anchors such as Chase Bank, 10th Planet Fitness, and Planned Parenthood, further enhancing its desirability and attracting a significant customer base. Strong area household and population demographics contribute to the property's consistent performance and long-term potential. This is a rare opportunity to acquire a fully leased, high-performing retail center in a thriving Altadena location.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1959
Construction TILT-UP CONCRETE
Total area 26,290 SF
Lot 1.15 ac (50,113 SF)
Zoning code LCC3VV
APN 5845-019-017
UPID US09-8008795
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Webster's Community Pharmacy Pharmacy
  • Chase Mortgage Loan Service Bank
  • Latin Dance Pro Training Center
  • Chase Bank Bank Loan Service
  • Mathnasium Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$735k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.36M
Blend (final) Blend
$1.05M
Owner & transaction history
Ron Hakakian · 8 yrs held
Ron Hakakian
since 2018
7 recorded transactions
2018
Price N/A
2018
$7.7M
2017
Price N/A
2017
Price N/A
2012
Price N/A
2005
Price N/A
2001
Price N/A
Zoning & alternative use
LCC3VV · Altadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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